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Lattice Semiconductor CEO Discusses Q3 2010 Results - Earnings Call Transcript

Lattice Semiconductor Corporation ( LSCC)

Q3 2010 Earnings Conference Call

October 21, 2010 5 PM ET


David Pasquale – Global IR Partners

Christopher Fanning – Interim CEO, Corporate VP and General Manager, Low Density Solutions & Mixed Signal Solutions

Michael Potter – Corporate VP and CFO


Richard Shannon – Northland Capital

Nick Claire – Robert Baird

Sundeep Bajikar – Morgan Stanley

Apurva Patel – Ticonderoga Securities

Bill Dezellem – Titan Capital Management

David Duley – Steelhead Securities



Good afternoon. My name is Kristen and I will be your conference operator today. At this time I would like to welcome everyone to the Lattice Semiconductor Q3 2010 conference call. (Operator Instructions) At this time I would like to turn the call over to our host, Mr. David Pasquale of Global IR Partners. You may begin.

David P asquale

Thank you , O perator. Welcome everyone to Lattice Semiconductor s Q3 2010 results conference call and thank you for being patient on the entrance. There were technical difficulties on the conference call side.

Joining us today from the company are Mr. Christopher Fanning, the company’s Interim CEO Corporate Vice President and I Low Density and Mixed Signal Solutions and Mr. Michael D. Potter, Lattice’s Corporate Vice President and Chief Financial Officer. Both executives will be available for Q&A after the prepared comments.

If you have not yet received a copy of today’s results release, please email Global IR Partners using where you can get a copy of the release off of the investor relations section of Lattice Semiconductor’s website.

Before we begin the formal remarks I will review the safe harbor statement. It is our intention that this call will comply with the requirements of FCC Reg FD. This call includes and constitutes the company’s official guidance for the first quarter of fiscal 2010. If at any time after this call we communicate any material changes to this guide, we intend that such updates will be done using a public forum such as a press release or a publicly announced conference call. The matters that we discuss together with historical information includes forward-looking statements relating to our future financial performance and other performance expectations. Investor’s forward looking statements are neither promises nor guarantees. They involve risks and uncertainties that may cause actual results to differ materially from those projected in the forgoing statements. Some of those risks and uncertainties are detailed on our filling for the FCC including our fiscal year 2009 Form 10K filed in March 10 and forward looking reports on Form 10Q. The company disclaims any obligation to publicly update or revise any such forward-looking statements to reflect events or circumstances that occur after this call. For our prepared remarks will also be presented within the requirements of FCC Reg I regarding generally accepted accounting principles or GAAP. I would now like to turn the call over to Mr. Christopher Fanning. Please go ahead sir.

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